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70 Skyview Ter
San Rafael, CA 94903
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Unique investment: perfect for nonprofits and preschool uses
- Excellent demographics
- Convenient and central location in Marin County
- Value-add opportunity
EXECUTIVE SUMMARY
Keegan & Coppin Company, Inc. is pleased to offer for sale a unique investment opportunity in central Marin County, California.
Formerly an elementary school, this property offers four specialized structures, a parking lot, and a large playground area, all on one parcel. All but one building is currently occupied, providing a value-add opportunity for an investor to lease the vacancy, or as an owner-occupant possibility. Several of the structures have been updated with recent improvements, including HVAC systems and ADA restroom enhancements. There is possibility for additional development as well.
The current tenants of the property are nonprofit businesses and a preschool, meeting the Master Use Permit requirements for uses on the property. There is a very healthy nonprofit business industry in Marin County, and preschool locations are rare to find, providing demand for investments like 70 Skyview Terrace.
The site is nestled in a hillside residential community of Terra Linda in San Rafael, Marin’s largest city, providing a picturesque and bucolic setting which perfectly suits its occupants.
With ease of access to Highway 101, this charming property is within a short distance to many retail, dining, and service-related industries. The Northgate Shopping Centers (including Safeway and CVS) and the Northgate Mall (including Macy’s, Peet’s Coffee, Cinemark Century Cinema, and Kohl’s) are within approximately 1.5 miles.
Formerly an elementary school, this property offers four specialized structures, a parking lot, and a large playground area, all on one parcel. All but one building is currently occupied, providing a value-add opportunity for an investor to lease the vacancy, or as an owner-occupant possibility. Several of the structures have been updated with recent improvements, including HVAC systems and ADA restroom enhancements. There is possibility for additional development as well.
The current tenants of the property are nonprofit businesses and a preschool, meeting the Master Use Permit requirements for uses on the property. There is a very healthy nonprofit business industry in Marin County, and preschool locations are rare to find, providing demand for investments like 70 Skyview Terrace.
The site is nestled in a hillside residential community of Terra Linda in San Rafael, Marin’s largest city, providing a picturesque and bucolic setting which perfectly suits its occupants.
With ease of access to Highway 101, this charming property is within a short distance to many retail, dining, and service-related industries. The Northgate Shopping Centers (including Safeway and CVS) and the Northgate Mall (including Macy’s, Peet’s Coffee, Cinemark Century Cinema, and Kohl’s) are within approximately 1.5 miles.
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Office
Building Size
16,425 SF
Building Class
B
Year Built
1980
Price
$4,606,536 CAD
Price Per SF
$280.46 CAD
Cap Rate
7.57%
NOI
$348,598 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,425 SF
Building FAR
0.17
Lot Size
2.21 AC
Zoning
PD - Planned Development District
Use Permit ONLY allows non-profit uses
PROPERTY TAXES
| Parcel Number | 165-230-27 | Improvements Assessment | $2,530,322 CAD |
| Land Assessment | $2,201,201 CAD | Total Assessment | $4,731,523 CAD |
PROPERTY TAXES
Parcel Number
165-230-27
Land Assessment
$2,201,201 CAD
Improvements Assessment
$2,530,322 CAD
Total Assessment
$4,731,523 CAD
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